GROWTH

ASSET PROTECTION

OPPORTUNITY

Pecora Capital is a global investment management firm. Our aim is to
provide superior risk-adjusted returns by investing across a broad and
expanding range of asset classes. We seek long-term capital
appreciation, unlock value and propel growth during all types of
economic conditions. Further we target absolute returns with moderate
volatility, and low correlation to traditional asset classes.

Independence and Integrity

At Pecora, the principle of independence and integrity in our research
is paramount. Analyzing global markets with discipline and focus, we
employ a diverse range of strategies in an effort to bring capital to
its fullest potential and deliver consistent investment returns to our
clients. We do this by working harder, seeing farther, and by empowering
the world’s most talented minds with the tools and culture they need to
achieve peak performance.

We are an owner-run company that is not subject to the constraints of a
corporation or a bank. In other words our independence enables us to
implement our ideas consistently and to help our clients’ capital
fulfill its greatest potential across a diverse range of investment
strategies and markets.

FERDINAND PECORA

The story behind

our company name

Pecora Capital’s namesake is Ferdinand Pecora, a Sicilian immigrant to New York who overcame enormous odds to become one of the most important regulators in financial history. The Pecora Commission led to extensive regulatory reforms in the aftermath of the Great Depression promoting a secure and competitive financial sector.

Our Executive Team

Aaron L Smith

Managing Director

Aaron Smith is the founder & managing director of Pecora Capital. He oversees the company’s global business strategy and research activities for the development of proprietary trading technologies. Aaron maintains the series 3 license in the United States and is a member in good standing of the National Futures Association. Mr Smith holds a degree in finance and international business from the Leonard N. School of Business at New York University. He began his career on Wall Street working in the Private Client Group at Morgan Stanley’s 2 World Trade Center offices.

Prior to founding Pecora Capital, Aaron served as managing director at the Superfund group of companies from 2002 to 2011. During his time with the group, he was responsible for front office activities, including the development and sales of various alternative investment fund structures for institutional and private investors. In 2002, he pioneered one of the first publicly offered managed futures funds in the United States, which was registered with the SEC. In addition to serving as the associated person in the United States regulated Superfund entities, he was the responsible officer for Types 1 and 4 regulated activities under the Securities and Futures Ordinance for Superfund Financial (Hong Kong) Ltd. He also became a licensed financial advisor in Singapore in 2008 and ran the Asian arm of the business, carrying on the duties of Chief Executive Officer of Superfund Financial (Singapore) Pte Ltd.

Aaron is a member of the International Protestant Church of Zurich, where he is blessed to teach Sunday school.

Thomas Kleber

global head of equities

Thomas is directly responsible for the value investment strategy of Pecora Capital. Prior to joining Pecora, Thomas worked for the management consulting firm Deloitte & Touche in Zurich and served global investment and private banks. Thomas is a graduate of the University of Erlangen Nuremberg. He has twelve years of experience in financial markets and over eight years of experience in developing and structuring investment portfolios for private investors and family offices. Thomas maintains the series 3 license in the United States and is a member of the National Futures Association (NFA). Further, Thomas is an avid tennis player and aviation enthusiast.

Jeffrey Harpur

Head of risk

Jeff is a qualified Chartered Accountant (S.A.), having completed his articles with PricewaterhouseCoopers in South Africa in 2008. Jeff then entered the international financial services industry, working with Acumen Group as a consultant in the Reinsurance industry in Bermuda. He moved to Switzerland in 2012, continuing his consulting career with Ernst & Young in Zurich and specialising in the banking and insurance sector, working with some of the largest international banks, insurers and reinsurers. Jeff earned his Bachelor of Commerce (Honours) from the University of Natal, and is an avid surfer, skier and mountaineer.

Max Ferri

INDEPENDENT DIRECTOR

Max Ferri is an independent, non-executive director of the Pecora Capital Fund. Mr Ferri has over 17 years of experience in the financial markets, including 8 years of direct investment management and tax experience working for a private bank in the Caribbean (1999-2006), and 7 years of hedge fund consultancy, legal, tax and operational due diligence experience working as Managing Director/Head of Operational Due Diligence for Laven Partners in London (2006-2012). Mr. Ferri has performed investment and operational due diligence visits with top tier investment managers all over the world, and has experience in hedge funds, fund of funds and private equity fund structures. He was most recently a co-author and committee member for various AIMA publications, including the 2014 Hedge Fund Manager’s DDQ. He holds a degree in management from the Barbados Community College, and has passed his Level 3 (Unit 1) IMC CFA Society exam in the UK. He is currently pursuing a Master's Degree in Finance from the University of London. Mr. Ferri is an Approved Director registered with the Cayman Islands Monetary Authority (CIMA).

AT a glance

Overview

LONG-TERM VIEW AND CONSISTENCY

Strict adherence to a well-defined, and time-tested investment approach without style drift

MEETING OUR CLIENTS’ NEEDS

Our goal is to forge long-term relationships with our clients built upon trust. As strategic partner we are providing ongoing knowledge transfer and tailored client services to meet their distinct needs

RISK MANAGEMENT

Alongside our clients, we view managing risk as a strategic priority

HEDGING & ASSET PROTECTION

Intelligent and responsive hedging of current market and political events, market periods, business- and scenario specific

ABILITY TO EXPLOIT MARKET TRENDS IN UP AND DOWN MARKETS

Assets are tactically allocated based on the analysis that identify investment opportunities

CONVICTION

Concentrate capital and research on highest conviction investment ideas

Our Clients at the Center

Diverse Strategies for a Range of Market Opportunities

Ideas are not enough in the pursuit of successful investments. Our team
members share the commitment to pursuing superior returns, applying
their talents to fundamental research and analysis to bring their
insights to market. Guided by these imperatives, we move swiftly and
deliberately to capitalize on opportunities having the greatest
potential. Within a broad range of investment strategies, the company’s
investment objective is to preserve capital and to seek maximum,
long-term capital appreciation commensurate with reasonable risk.

Other than the investment strategies our clients are at the center of
everything we do. They are global, with complex challenges that require
deep investment expertise and dedicated client service to help them
achieve their unique investment goals.

View our media

Coverage

we work with great

Partners

Interactive Brokers is a U.S.-based brokerage firm, the largest brokerage firm by number of daily average revenue trades. It also is the leading forex broker. The company is headquartered in Greenwich, Connecticut and has offices in Chicago, Hong Kong, Shanghai, Sydney, and Zug. Interactive Brokers was rated Best Online Broker for the fourth consecutive year by Barron's 2015.

KPMG is the auditor of the Pecora Capital Fund. KPMG is one of the largest professional services companies in the world and one of the “Big Four” global auditing firms. KPMG member firms can be found in 155 countries. Collectively they employ more than 162,000 people across a range of disciplines. KPMG works closely with their clients, helping them to mitigate risks and grasp opportuinities.

Deutsche Bank is one of the world’s leading financial service providers. It has more than 100,000 employees in over 70 countries, and has a large presence in Europe, the Americas, Asia-Pacific and the emerging markets. In 2009, Deutsche Bank was the largest foreign exchange dealer in the world with a market share of 21 percent. It is considered to be one of the most prestigious and most influential banks in the world.

JP Fund Administration is a regulated fund administration Company with offices in the Cayman Islands and representation in Singapore. JPFA utilises a centralised and integrated technology solution for fund administration that is highly scalable and has allowed the geographical expansion of the groups activities and services quickly and seamlessly.The company maintains a focus on employing the right people, technology and processes to give investment managers and investors the highest levels of professionalism

KPMG is the auditor of the Pecora Capital Fund. KPMG is one of the largest professional services companies in the world and one of the “Big Four” global auditing firms. KPMG member firms can be found in 155 countries. Collectively they employ more than 162,000 people across a range of disciplines. KPMG works closely with their clients, helping them to mitigate risks and grasp opportuinities.

Interactive Brokers is one of the world’s leading financial service providers. It has more than 100,000 employees in over 70 countries, and has a large presence in Europe, the Americas, Asia-Pacific and the emerging markets. In 2009, Deutsche Bank was the largest foreign exchange dealer in the world with a market share of 21 percent. It is considered to be one of the most prestigious and most influential banks in the world.

enquire about an open

Career opportunity

We love to work with good people! We are actively looking to develop human capital in trading, investment research, system development, back office and distribution. Kindly send your CV for consideration if you have experience in trading, programming, operations or marketing.

CONTACT US

United States

14 Wall Street, 20th FloorNew York, NY 10005, USA

email

info@pecoracapital.com

web

www.pecoracapital.com

Any information or data provided in this presentation has been obtained from sources we believe to be reliable, but we do not guarantee itsaccuracy or completeness. Such information reflects current market conditions, is subject to change without notice and should not be reliedupon for tax purposes.Pecora Capital LLC, and their affiliated companies, and/or officers, directors or employees, may at times have a position in any security describedabove. This information is intended to be confidential and solely for the use of Pecora Capital LLC and those persons or entities towhom it is directed. It is not to be reproduced, retransmitted, or in any other manner redistributed. Past performance does not guarantee future results. This is not an offering to subscribe for units in any fund and is intendedfor informational purposes only. An offering can only be made by delivery of the Fund’s Offering Memorandum and other supplemental materials.Any information or data provided in this message has been obtained from sources we believe to be reliable, but we do not guarantee itsaccuracy or completeness. Such information reflects current market conditions, is subject to change without notice and should not be reliedupon for tax purposes. Pecora Capital LLC, and their affiliated companies, and/or officers, directors or employees, may at times have a positionin any security described above. This information is intended to be confidential and solely for the use of Pecora Capital LLC and those personsor entities to whom it is directed. It is not to be reproduced, retransmitted, or in any other manner redistributed.